Category Archives: FamZoo

We’ll continue to add coverage throughout the next few weeks. If you have FinovateSpring press coverage you would like to add, please email the link to julie@finovate.com.

Finovate Alumni News– May 17, 2013

May 17, 2013CashStar, FamZoo, FlexScore, LendUp, Realty Mogul, Serverside Group, Zooztonycchung

Serverside Group grants license for its US card customization patents to financial services provider, DimpleDough.

CashStar announces year-over-year growth in Mother’s Day eGifting cards sold.

MobilePaymentsToday takes a look at Zooz In-Ad Payments service.

FlexScore provides waiting list for access codes to beta version of their web-based financial advisor platform.

American Banker features crowdfunders LendUp and Realty Mogul.

TransCard congratulates technology partner FamZoo on winning FinovateSpring 2013 honors.

This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

FinovateSpring 2013 Best of Show Winners

May 16, 2013FamZoo, FinovateSpring 2013, LendUp, MoneyDesktop, PayNearMe, TipRankstonycchung

After the final demos wrapped up on two fintech-packed days at FinovateSpring 2013, the audience voted for their favorite demos to ultimately decide who would be named Best of Show. The top 5 overall took home the trophies.

The winners (in alphabetical order):

FamZoo, for its prepaid card family pack

LendUp, for its LendUp Ladder loan platform that helps the underbanked build credit

MoneyDesktop, for its Target and Insight back-end data analytics and marketing platform

PayNearMe, for launching the white-labeled version of its cash payments platform

TipRanks, for its solution that brings transparency to individual investors, helping investors decide who to trust

We’ll have the videos of all 72 demos posted on Finovate.com in a few weeks.

Thanks to everyone who joined the audience and came to be a part of our largest show so far. And thanks to the 77 innovators* who braved the Finovate stage.

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*Five demos hosted a co-presenting company, including Visa, MasterCard, USAlliance Credit Union, Intuit, and Paydiant

Notes on methodology:
1. Only audience members NOT associated with demoing companies were eligible to vote. Finovate employees did not vote.
2. Attendees were encouraged to note their favorites during each day. At the end of the last demo, they chose their three favorites.
3. The exact written instructions given to attendees: “Please rate (the companies) on the basis of demo quality and potential impact of the innovation demoed.”
4. The five companies appearing on the highest percentage of submitted ballots were named Best of Show.
5. Go here for a list of previous Best of Show winners.

Finovate Alumni News– May 16, 2013

May 16, 2013Blaze Mobile, FamZoo, LendUp, MoneyDesktop, OpenCoin, PayNearMe, QuantConnect, TipRankstonycchung

FamZoo, LendUp, Money Desktop, PayNearMe, and TipRanks win Best of Show honors at FinovateSpring 2013 in San Francisco.

Blaze Mobile earns three NFC mobile payment patents.

OpenCoin announces completion of an angel funding round from Google Ventures and IDG Capital Partners.

ForexThink interviews QuantConnect founder and CEO Jared Broad.

This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

FamZoo Unveils its Prepaid Card Family Pack to Enable Kids to Save and Spend with their Own Prepaid Card

May 14, 2013FamZoo, FinovateSpring 2013tonycchung

This is a part of our live coverage of FinovateSpring 2013.

Then, FamZoo launched its Prepaid Card Family Pack:

“The Prepaid Card Family Pack is a uniquely affordable, convenient, and educational MasterCard reloadable card offering designed specifically for families. Linked together and accessed online through FamZoo’s Virtual Family Bank software, the cards are used collaboratively to share funds between family members and develop financial responsibility.

Parent cards serve as the automated funding source for allowance, chores, odd jobs, ad-hoc transfers, reimbursements, compound interest, and matching contributions. Children sign in separately to monitor spending, while parents retain control through a shared dashboard. Additional tools include collaborative budgets, interactive savings planners, “child bill pay,” and automated IOU tracking.”

Product Launch: May 2013

HQ: Palo Alto, CA

Founded: 2006

Metrics: Private Funding $1.1M, FamZoo.com launched 2010, FamZoo Partner Edition launched 2011 (FinovateFall 2011 Best of Show winner), 5,000 registered families, 13.7% trial-to-paid conversion rate, $1.4M of spending/giving transactions by kids tracked to date

Website: famzoo.com

Twitter: @FamZoo

Presenting Bill Dwight (CEO & Founder)

FinovateSpring 2013 Sneak Peek: Part 3

April 23, 2013Better ATM Services, Bright Funds, FamZoo, FinovateSpring 2013, Intuit, LeapScore, MicroStrategy, MoneyDesktop, OneID, Quantopian, Refundo, Yandex, Yseoptonycchung

This is the third part in our continuing Sneak Peek series that gives a glimpse into what each company will demo live on stage at FinovateSpring.

Don’t miss part 1 and part 2 published earlier this month.

See the full demos live at FinovateSpring next month. Get your ticket here.

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Better ATM Services’ groundbreaking technology enables ATMs to dispense new, flexible prepaid cards just like cash, opening the world’s fleet of 2.3 million ATMs to the prepaid marketplace.

Features:

Visa and others are adopting this new distribution channel
Consumers love the 24/7 convenience of ATMs for prepaids

Why it’s great: Financial institutions can recapture 50%+ of customers now going elsewhere for prepaids, increasing their share of the $549 billion prepaid market.

Bright Funds is a solution for effective charitable giving management, combining the sophistication of investing with the intuitive, engaging experience of modern web services.

Features:

The Bright Funds Charitable Giving Portfolio
The Bright Funds Impact Timeline
Bright Funds Public Profiles for Giving

Why it’s great: Bright Funds brings an investment approach to charitable giving.

FamZoo’s online family banking system helps parents teach kids good money habits.

Features:

Family pack of affordable, widely accepted prepaid cards
Integrated family finance tools build good habits
Co-branded option delivers targeted offers

Why it’s great: FamZoo solves the “kids and money” problem for parents: prepaid cards that work together, not alone.

Intuit delivers banking software and technology solutions for financial institutions.

Features:

Gives banks better insight to serve customers
Blurs lines between PFM/banking
Learn what Mint has in store for personal business

Why it’s great: Intuit now offers the best PFM solution for all users – whether it is through Mint.com or financial institutions.

LeapScore is financial advice for the rest of us.

Features:

Tailored help and advice for each individual
Empowers people to take more control over finances
Sets meaningful goals

Why it’s great: a comprehensive score that, for the first time, represents “who” you are financially.

MicroStrategy provides online banking without usernames or passwords, instant identity validation over the phone: Usher radically changes the way IDs, cards, and keys are issued and carried.

Features:

Mobile phone-based digital credentials
Multi-factor verification including voiceprints
Secure out-of-band authentication

Why it’s great: Usher: an extraordinary array of identity-management services that reduce fraud, protect identities and improve customer experience.

MoneyDesktop redefines the way millions of people interact with their finances by developing technologies that drive financial engagement between account holders and financial institutions.

Features:

Leverage aggregated PFM user data
Segment and target your user base
Increase conversion rates and loan volume

Why it’s great: Insight and Target provide financial institutions with a groundbreaking new way to market and drive adoption of their most valuable services.

OneID eliminates the need for usernames and

passwords, while delivering a secure, compliant identity system that’s easy for your customers to use.

Features:

Secure, one-click login with no password
Customizable two-factor authentication
Easy cross-selling with automatic form-fill

Why it’s great: Convenience of one-click login. Security of public key cryptography. Flexibility to meet financial institutions’ needs. Identity as it should be.

Quantopian is the world’s only browser-based algorithmic trading platform, democratizing finance by reducing barriers to entry and providing quants the tools and support needed to profit from their ideas

Feature:

Combines historical data, algo simulation, live market data, brokerage integration and algo development into a simple workflow

Why it’s great: Allows quants to put their ideas and algorithms to work and profit from them with the click of a button

Refundo is designed to revolutionize the way people do banking and extend mainstream banking advantages to underbanked and unbanked communities across the nation.

Features:

Open an FDIC-insured bank account in seconds using your smartphone.
Send money to your friends and family quickly and securely.

Why it’s great: Finally a new way to manage your money. And by new, we mean better.

Yandex.Money’s Twym is a quick and convenient way to send money via Twitter.

Features:

Easy-to-use interface for collecting money
You don’t have to leave Twitter
Other users can repeat payments in one click

Why it’s great: Twym makes transferring money simple and fun.

Yseop’s artificial intelligence software writes just like a human being, but at a speed of over a thousand pages per second and in multiple languages.

Feature:

Yseop boosts the productivity of your business teams by automating the delivery of best practices and personalized expertise.

Why it’s great: Yseop creates a new age where financial services delivered to customers are driven by artificial intelligence and human collaboration.

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For more information on being a part of FinovateSpring 2013, see our FAQ. To register, visit out FinovateSpring page here.

Finovate Alumni News– April 10, 2013

April 10, 2013Backbase, BillGuard, Billhighway, BrightScope, Dashlane, EyeVerify, FamZoo, Fiserv, Kalixa, Linkable Networks, MasterCard, Nomis Solutions, PayPal, Thomson Reuters, TipRanks, TransferWise, Trust Egg, Yandextonycchung

FamZoo and Transcard roll out family banking. Come see FamZoo demo it live at FinovateSpring.

Sigma Phi Lambda Sorority selects Billhighway for enterprise payment solution.

Linkable Networks partners with Lyfepoints, enabling users to apply savings to utility payments.

Business news Daily reports: Dashlane Makes Remembering Passwords a Breeze.

Bank Systems & Technology reports PayPal partners with Chilean payment network Multicaja.

HeathWallace & Backbase partner to implement Backbase Bank 2.0 Portal throughout Middle East.

The Examiner recommends BillGuard to identify fraudulent credit card charges.

Payments Journal reports Fiserv Launches Remote Deposit Capture Product.

TechCrunch looks at Yandex’s use of gesture-based interfaces to power apps.

PVAngels features TrustEgg. Join TrustEgg in San Francisco in May for FinovateSpring.

BrightScope is collecting fee data from advisory firms, report expected by fall 2013.

MC Helper looks at EyeVerify and the future of internet security. See EyeVerify in action at FinovateSpring.

Nomis Solutions unveils their latest pricing management software tool, the Nomis Discretion Manager.

Thomson Reuters announces launch of insurance compliance solution, Accelus.

InvestorIdeas takes a look at TipRanks. Join TipRanks in San Francisco for FinovateSpring in May.

TransferWise to provide $100,000 in free international money transfers to 1,000 start-ups.

Lake Trust Credit Union to be the first CU to deploy MasterCard’s MasterPass digital wallet.

Kalixa Group launches a trio of mobile payment products: Pro, Pay, and Accept.

This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

Finovate Alumni News– April 4, 2013

April 4, 2013eToro, FamZoo, Giftly, Jack Henry, Kabbage, Kashoo, Monitise, Nutmeg, ShopKeep POS, Virtual Piggytonycchung

Kabbage brings in $75 million in debt financing.

Finextra reports: eToro launches social alerts app.

PaymentEye features Virtual Piggy. Come see its live demo at FinovateSpring next month. http://bit.ly/Zaunjl

InternetRetailer previews Giftly.

Business Solutions speaks with Jason Richelson, ShopKeep POS CEO, who debunks the myth that cloud POS fails when the internet shuts down.

TechCrunch TV interviews Nick Hungerford, Nutmeg CEO on how he aims to disrupt the financial investment world.

Verity CU features FamZoo, makes it available to members. Come see FamZoo’s latest development at FinovateSpring.

Kashoo releases new version of iPad app.

Monitise Executive Vice President Lisa Stanton interviewed by Bdaily.

Jack Henry & Associates’s Symitar platform to be deployed by Kitsap Credit Union.

This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

Finovate Alumni News– February 21, 2013

February 21, 2013Azimo, Cartera Commerce, CommunityLend, DeviceFidelity, Dwolla, Expensify, FamZoo, Fiserv, Geezeo, Mitek, MoneyDesktop, ReadyForZero, Simple, Taulia, TSYStonycchung

CommunityLend grows FinanceIt team.

Cartera Commerce appoints Brian Michon as CTO.

Expensify integrates with Sage 50.

Mitek granted new patent for its mobile photo bill pay capabilities.

Geezeo partners with OSG Statement Services to develop a statement option that will allow PFM data to be leveraged in eStatements and printed statements.

GoBankingRates reviews Simple’s banking service.

Mashable features ReadyForZero.

American Banker reports: Maine’s Katahdin Trust Company selects Fiserv’s core banking platform.

MoneyDesktop reports record year with customer growth of nearly 80% from 2011 to 2012 and a 4.5X increase in recurring monthly revenue.

Hallmark chooses Taulia to provide e-invoicing, dynamic discounting and supplier self-services.

FamZoo’s prepaid card family pack featured in TIME.

Torsion Mobile integrates with Dwolla’s payment network.

Dallas Business Journal reports that Device Fidelity has raised $1 million in debt financing.

TSYS to begin processing ATM transactions through the LINK network in the UK.

Azimo CEO Michael Kent explains the social remittance business in Pymnts.com Q&A.

This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

Finovate Alumni News– February 20, 2013

February 20, 2013ACI Worldwide, Bazaarvoice, eDeposit, FamZoo, Finantix, Jack Henry, Kashoo, Klarna, Luminous, Metaforic, Monitise, Mortgagebot, PayPal, ProfitStars, Prosper, SafetyPay, SecureKey, ShopKeep POS, TSYS, Tuition.io, Virtual Piggy, VoiceTrusttonycchung

VoiceTrust and Finantix partner to provide voice-driven, secure mobile solutions.

Upstart Business Journal reports ShopKeep and LevelUp partner to keep up with the competition.

FamZoo introduces Family Pack of prepaid cards through partnership with TransCard.

Monitise collaborates with Blackberry & Permatabank to launch mobile payments service on Blackberry Messenger in Indonesia.

Lend Academy features Interview with New Prosper CEO Stephan Vermut.

SafetyPay partners with Computop to offer SafetyPay as part of its Paygate payment platform.

EnStream to enable the support of SecureKey’s authentication, identity & online payment solutions on mobile phones in Canada.

Virtual Piggy & WorldPay integrate to deliver youth payment solution internationally.

Luminous partners with Nihilent Technologies to sell Luminous’ solutions in India.

Tuition.io featured in this week’s Venture Capital program.

Mortgagebot expands space in Mequon with lease for new building.

PayPal to stop personal payments in Singapore on February 20 due to regulatory instructions.

iMore.com interviews Kashoo CEO Jim Secord at MacWorld|iWorld 2013.

TSYS announces acquisition of NetSpend in deal worth more than $1 billion.

ProfitStars announces year-over-year growth in P2P users, payments for its iPay Solutions service.

Metaforic’s product line now available for mobile apps written in Objective-C, the most commonly used language on iOS platform.

Delaware Online hails eDeposit as a boon for small businesses.

ACI Worldwide launches ACI Proactive Risk Manager to help FIs detect payment fraud.

Bazaarvoice builds new research and development unit, Bazaarvoice Media Labs.

Jack Henry & Associates add remote deposit capture to Android and iPhone versions of goDough app.

Opencart announces full integration of Klarna invoice and partial payment system.

This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.